What is Shiba Inu (Shib)?

The Shiba Inu token is a doggy-themed cryptocurrency that everyone is barking about. Here’s what you need to know about SHIB. Shibu Inu coin isn’t new, and saw its first surge alongside dogecoin (DOGE) in 2021 as the Wallstreetbets subreddit breathed new life into meme coins, especially ones with dogs as icons.

Why is Shiba Inu a meme coin?

The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu itself is named after the eponymous dog breed, which became the face of the "doge" meme that inspired the creation of Dogecoin.

How much Shiba Inu can be mined?

There is a maximum limit of 589,735,030,408,323 SHIB. As of mid-2022, more than 549,000,000,000,000 had been mined. 6 That means there are less than 7% of SHIB left to be mined. Why Was Shiba Inu Called the Dogecoin Killer?

Is Shiba Inu overtaking Dogecoin?

On Oct 28th, 2021, the cryptocurrency reached an all-time-high price of $0.000084. That was a +150,000,000% increase from when it was launched in August 2020. Looking at the overall chart, Shiba Inu grew at a faster rate and have overtaken Dogecoin in terms of market cap.